Santa Fe South Housing Market Report March 2025•Santa Fe County, New Mexico

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Housing Prices in Santa Fe South, NM

How much do homes in Santa Fe South, NM cost?

Housing Market Conditions

Is Santa Fe South, NM a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Santa Fe South is a Seller's Market

Difference Since March 2024

Since last year, Santa Fe South has remained a Seller's Market.

Insight

Santa Fe South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$682,000$340/SqFt
+$14,375
+2.2%

Based on all homes sold in the last 12 months

Insight

Homes in Santa Fe South have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Santa Fe South was $682,000 in March 2025, up 2.2% from last year, and the median price per square foot was $340.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Santa Fe North
+12.6%
Santa Fe South
+2.2%
Santa Fe
+1.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$345K$384.5K
+11.4%
2$500K$523.7K
+4.8%
3$669K$676.5K
+1.1%
4$805K$810K
+0.6%
5$1.0M$1.1M
+13.8%

Summary: Santa Fe South housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +11.4%. The home price for 2 bedroom homes increased by +4.8%. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes increased by +0.6%. The home price for 5 bedroom homes increased by +13.8%.

How does Santa Fe South, NM compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Santa Fe South, NM

Housing supply in Santa Fe South, NM

How many homes are available in Santa Fe South, NM?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
268Last MonthMar 2025
2542 months agoFeb 2025
+5.5 %
Change MoMFeb – Mar

Summary: The Santa Fe South real estate market had 268 homes for sale in Mar 2025, a 5.5 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
46Last MonthMar 2025
342 months agoFeb 2025
+35.3 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
167
+16.7%
22432
+33.3%
3150150
0.0%
46368
+7.9%
51111
0.0%

Summary: Santa Fe South housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +7.9%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Santa Fe South, NM cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price14 Homes

Under Asking Price26 Homes

Insight

If you're buying a home in Santa Fe South, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Santa Fe South in March 2025, up by 35.3% month-over-month. Of the 46 sold homes, 57% were sold under asking, 30% were sold at asking, and and 13% were sold over asking.

Days on Market for Santa Fe South, NM

How long does it take to sell a home in Santa Fe South, NM?

Breakdown of Home Sale Times

Under 30 Days27 Homes

30 – 90 Days8 Homes

Over 90 Days11 Homes

Insight

Many homes in Santa Fe South are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 46 homes were sold in Santa Fe South; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
54 DaysThis YearMar 2025
104 Days1 year agoMar 2024
-48.2 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Santa Fe South had an average listing age of 54 days in Mar 2025, down by 48.2% compared to the previous year.

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Newest Listings in Santa Fe South, NM

What homes are available in Santa Fe South, NM?

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MLS Disclaimers and Copyright

Based on information from Santa Fe MLS, Southwest Multiple Listing Service, MLS of Oklahoma, and MLS Technology Inc. for the period 04/01/2023 - 04/01/2025

IDXThe data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed.

Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 9:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 9:14:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater Tulsa Association of Realtors. Information deemed reliable but not guaranteed. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Greater Tulsa Association of REALTORS® MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.